Small business loans with no credit check are very rare for most lenders, and typically at least a soft credit check will be required. Unlike a hard credit check, the soft check doesn’t impact your score and reveals less information to the lender, which is good for business owners with poor credit who need financing….
All Ultimate Guide Articles - Page 10
The Ultimate Guide to Restaurant Food Suppliers
Restaurant food suppliers are vendors that sell products directly to restaurants, whether wholesale purveyors or local farms. The critical function of a restaurant supplier is to allow a restaurant to purchase products at lower prices to increase their profit margins. When choosing food suppliers, restaurants should consider cost, delivery schedule, minimum order requirements, and quality…
How Employee Credit Cards Work & Best Practices to Follow
An employee credit card permits your employee to purchase goods and services on behalf of the company while giving you the ability to monitor and control spending. Many issuers offer free employee credit cards, allowing you to earn rewards on their spending without paying an additional fee per card. Using employee credit cards will save…
What Is a Key Account Manager?
Key account managers are responsible for retaining the most valuable clients a business has acquired. These are customers who spend the most money on your products and services, often refer other customers, and improve your reputation in your industry. Key account managers build long-term relationships with these clients and foster trust and rapport. Key account…
When Is Using Credit Cards to Fund Your Business Right?
Using credit cards to fund your business is typically the right thing to do if you need financing of less than $50,000, or you can’t qualify for a bank loan. Credit cards have the added benefit of earning you rewards on business-related purchases and typically carry an annual percentage rate (APR) of 13.74% to 25%….
Ultimate Guide to the Best Podcasting Equipment 2020
Podcasting has a very low entry cost. You can record, edit, and distribute a podcast by turning your smartphone or computer into podcasting equipment. To create a podcast with higher sound quality, you can purchase sound-isolating microphones and headphones for around $50 each, and audio editing software for $20 per month. Podcasting Equipment List: What…
Commercial Auto Insurance: Cost, Coverage & Providers
Commercial auto insurance covers accidents involving vehicles used or owned by your business. Third-party liability coverage for injuries and property damage is required in most states, but policies also can include first-party coverage such as medical payments and collision. For small business owners, annual commercial vehicle insurance costs $600 to $2,400 per vehicle. If you’re…
Credit Card Stacking & Using It to Fund Your Startup
Credit card stacking is the practice of applying for multiple credit cards at the same time to access a larger unsecured line of credit. Once approved, you can use your stack of credit cards to finance a startup, small business, or real estate deals. This works as an alternative working capital funding source for businesses….
What Is a Fleet Card & Is It Right for Your Business?
Fleet cards, or fleet fuel cards, are used to maintain company vehicles and help businesses manage fleet-related expenses. Fleet cards are best for businesses with two or more vehicles and use between 1,000 and 5,000 gallons per month. You may also want to consider fleet cards to earn discounts on eligible vehicle-related purchases. What Is…
Your One-stop Shop for Business Charge Cards
Business charge cards allow you to make purchases without using cash on hand. Instead of having a predetermined credit limit like credit cards, business charge cards have no preset spending limit. However, you’re required to repay your balance in full every month to avoid late payment fees. American Express is the only major credit card…
Dun & Bradstreet Report: Definition, Cost & Features
The Dun and Bradstreet report is one of the most popular credit reports for businesses. Dun and Bradstreet (D&B) is a credit reporting agency that collects public and private information to produce a comprehensive credit profile. D&B also provides business credit scores called PAYDEX® scores that range from 1 to 100. The D&B business credit…
Using a Personal Credit Card for Business
You may use a personal credit card for business expenses because you can’t qualify for a business credit card or because the rewards on personal credit cards better match your company’s spending. No matter your reason for choosing a personal credit card for business, you should avoid pitfalls like mixing your personal and business expenses….